Ed-tech company PhysicsWallah narrowed its consolidated net losses to Rs 75 crore in the March-ended quarter versus Rs 293 crore in the year ago period, registering a 74% decline. The losses are attributable to the owners of the parent.
The contraction in losses could be attributed to 51% jump in its revenue which stood at Rs 919 crore versus Rs 610 crore posted in the corresponding quarter of the previous financial year.
However, the company swung to losses on a sequential basis compared to Rs 101 crore profit in Q3FY26 as topline slipped 15% in the quarter under review versus Rs 1,082 crore in the October-December quarter of FY26.
For the full financial year, losses fell to Rs 22 crore from Rs 216 crore in FY25 while revenue was reported at Rs 3,900 crore versus Rs 2,887 crore in the year ago period, implying a 35% growth.
The tech-enabled education company, attributed FY26's "record revenue" growth to disciplined scaling and AI-led operational efficiency.
The company reported profit before tax of Rs 10 crore, indicating a clear and strong path towards full year profitability.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased 184% YoY to Rs 549 crore, with margins improving to 14%, while Pre-IndAS EBITDA grew from 94 crores to 300 crores, reflecting 221% YoY growth, due to improved operating leverage across examination categories and channels, the company filing said.
The total number of paid users stood at 5.34 million, recording a 20% YoY growth.
Operational Highlights – FY26
-- Total Centres: 353 (vs 198 in FY25)
-- Education Categories: 16 (3 added during FY26)
-- Total Faculty Members: 6,837 (up 34% YoY)
-- Total Employees: 18,977
-- Daily Active Users: 3.3 Mn+
-- Average Engagement Time: 104+ minutes
-- App Downloads: 89.4 Mn+
-- Student Community: 142 million strong
"With a growing paid user base, expanding phygital infrastructure, and deeper AI integration across its ecosystem, PW enters FY27 with strengthened fundamentals and continued focus on sustainable, technology-led growth," the company statement said.
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